Chennai-based TVS Motor reported a 4% growth in its total sales of 325,977 units in July 2023 as compared to 314,639 units in the same month a year ago. During the month under review, total two-wheelers registered a growth of 4%, reaching 312,307 units as compared to 299,658 units in July 2022.
Domestic two-wheelers registered a growth of 17%, with sales increasing from 201,942 units in July 2022 to 235,230 units in July 2023.
Motorcycles registered sales growth of 2% with sales increasing from 150,340 units in July 2022 to 153,942 units in July 2023. Scooter sales registered a growth rate of 5% with sales increasing from 116,500 units in the month of July 2022 to 121,941 units in July 2023.
TVS iQube Electric recorded sales of 13,306 units in July 2023 as against sales of 6,304 units in July 2022. TVS iQube continues to receive very positive customer acceptance and has crossed the sales milestone of 150,000 units. The scooter is now available in over 316 touch points across 196 cities. TVS iQube is now available in Nepal as well.
The company's total exports registered sales of 89,213 units in July 2023 as against 112,032 units in July 2022. Two‐wheeler exports registered sales of 77,077 units in July 2023 as against 97,716 units in July 2022.
The company registered three-wheeler sales of 13,670 units in July 2023 as against 14,981 units in July 2022.
Also read: TVS Motor Company to develop dynamics of a start-up, transition to a Smart Mobility Company, says Chairman Ralf Speth